JP/1/SBI

Thu, 06 Mar 2003, 00:00 WIB | Source: JP

JP/1/SBI

BI benchmark rate down again: The interest rate of Bank Indonesia
one-month SBI promissory notes decreased by 27 basis points to
11.97 percent at a weekly auction on Wednesday from 12.24 percent
the previous week. The central bank has been guiding the
benchmark interest rate lower since the beginning of 2002 amid
easing inflationary pressure. A lower interest rate environment
is expected to help push new bank lending and ease the
government's burden in covering the interest of bank
recapitalization bonds.

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